Competition Archives - AfricaBusiness.com

21Oct

By Angelo TzarevskiNo Comments

Main

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

1Oct

By Baker McKenzieNo Comments

Ethiopia News, Kingdom of Eswatini News, Main, Malawi News, Mozambique News, Namibia News, South Africa News

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

2Sep

By Africa BusinessNo Comments

South Africa News

Prestigious “Factory of the Year” Competition Postponed

Navigating the impacts of the global pandemic has become the order of the day for the South African manufacturing sector, who demonstrated their resilience with a promising year-on year recovery of 87.9% in April. The spread of the coronavirus, recent violent protests and looting, and crippling power challenges have caused a slowdown of the sector’s recovery over the past few months. Mindful of this tumultuous economic environment and the continued health considerations brought on by the pandemic, management consulting firm Kearney have taken a decision to postpone the 2021 ‘Factory of the Year’ competition, traditionally a highlight of the annual Manufacturing Indaba. The 2021 Manufacturing Indaba will follow in the footsteps of last year’s conference and once again be held as a virtua...

16Apr

By Baker McKenzieNo Comments

Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...

6Apr

By Africa BusinessNo Comments

Science, Tech

Africa’s largest inter-university hackathon brings students together on Zindi for data science, for good

UmojaHack Africa 2021 was an unprecedented success, bringing more than 1000 students from 126 universities across Africa to compete on Zindi in a virtual machine learning hackathon on the weekend of 27-28 March. More than $10 000 USD in prizes were awarded to data science students from 9 African countries, and more than 8500 submissions were made to solve three real-world machine learning challenges on Zindi. Students from 21 African countries joined the event, representing Algeria, Benin, Cameroon, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Kenya, Malawi, Morocco, Nigeria, Rwanda, Senegal, South Africa, Sudan, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe. They participated in three different machine learning challenges: a financial resilience prediction challenge, a logistics challe...